Donald Trump is giving some relief from the 25 percent tariffs imposed on Mexico and Canada for the auto industry, agreeing to a one-month exemption for the sector. Commerce Secretary Howard Lutnick teased the exemption in interviews on Wednesday.
Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.
U.S. automakers are getting a one-month exemption from the Trump administration’s tariffs that went into effect Monday.
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